Former GE Chairman Jack Welch gave an outstanding interview last night on the Kudlow Report. He was more impassioned than I have seen him in years, and he made some great points about AIG's failing corporate governance, H-1B work visas, Fed Chairman Ben Bernanke, small business, economic recovery and the future of American manufacturing.
Welch correctly states that as 79% owners of AIG, Geithner and Treasury and the Fed neeed to get serious about being successful with our $170 billion AIG investment. Welch is ultimately a management guy and so he naturally feels distressed at the public in-fighting between AIG's CEO Ed Liddy and Treasury's Summers and Geithner.
Regarding the economy, Welch had some slightly optimistic anecdotes about business bottoming out and remaining flat (albeit at very low levels) for the past 10 weeks.
Today's links are in the comment section.
